Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.

Friday, March 18, 2011

Nenner 03-10-2011

“I told my clients and pension funds and big firms and hedge funds to almost go out of the market, almost totally out of the market,” said Nenner, saying that the collapse will unfold over the course of a couple of months and that the reversal will come when the Dow hits just above the 13000 level."

Cycle Dawg

Followers

Old as dirt

I have long been a proponent of TA. I have looked at a lot of different methods. In the 70s I maintained about 50 P&F charts manually (pre Web). Some TA approaches work better than others.
In the end I decided that cycles were as good as any, much simplier than most to use and required less time to do.
You may have your own TA and I encourage you to use it and only use my post/opinions as a check on your TA.